META (Meta Platforms) was stuck in a range but could be forming a potential breakout of a triangle after rebounding from strong support near 535. We see potential early stages of a new recovery that can be a fifth wave.

The current break above wave D swing high and the 692 level confirms that this can be the case. Bulls are possible while the market trades above 525, but beware of pullbacks. A daily close above 744 would confirm strength into wave five.

Highlights:
-Meta breaking out of a triangle
-Daily close above 744 is a confirmation of strength into wave five
-Bullish view valid as long as 525 holds.

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Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.